Morning Report 18/04/2019

The ASX 200 will likely open marginally higher in spite of mostly negative leads from overnight trading.While Europe was higher, Wall Street was lower on the back of weakness in healthcare stocks. Bond yields, commodities and the Aussie dollar were all lower.On the domestic economic front, unemployment data will be published this morning which could have a major bearing on how our market closes this afternoon. In local company news, Fortescue Metals and Woodside Petroleum will release their quarterly production reports while New Hope and Kogan.com trade ex-dividend. Despite our futures market hinting at a positive start, we believe the ASX 200 will close moderately lower, with traders happy to book profits ahead of the Easter long-weekend.

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